The Sharp/Foxconn merger has been approved by China’s anti-monopoly authorities, completing the final stage of regulatory reviews in the $3.8 billion deal.
Foxconn said in a statement that it and Sharp ‘will now move to complete the transaction in accordance with our agreement as soon as possible.’
The Chinese review had prevented the planned takeover in June, briefly sending Sharp’s share price below the ¥88 ($0.87) acquisition price.
